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20121219
20121219
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policy. >>> in the u.s. president barack obama and republican house speaker john boehner are scrambling to avoid the looming fiscal cliff. they're trying to reach an agreement on how to tax the wealthy. the president offered to limit tax hikes for people earning more than $400,000 a year. instead of his original proposal of $250,000. but republicans are calling for more concessions. >> what we've offered meets the definition of balance. but the president is not there yet. >> boehner said he will submit a bill to the house later this week proposing higher taxes only on people with income over $1 million a year. white house spokesperson jay carney said the two sides are close to a deal. >> the president has demonstrated obvious willingness to compromise and to move more than halfway. toward the republicans. >> spending cuts and tax increases including hikes on the middle class are set to take effect in the new year. the democrats and republicans will need to reach an agreement before then or the u.s. could face a recession. >>> let's check on the markets for this wednesday morning. well,
Search Results 0 to 1 of about 2 (some duplicates have been removed)

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